Review on Augur by Sergio Daniel Delgado
Augur
Let's talk about the Augur platform, it is a website with blockchain technology based on the Ethereum network, it is basically known as a new form of bookmakers, It is worth clarifying that it is not an online casino, it is simply a platform where users can bet on certain predictions in different areas of their daily lives, For example in sporting events, currency rises or falls, and even in presidential elections.
The system for betting is simple, you choose an event and bet on a result, if you win you get a reward depending on the participation that your choice obtained, For example, if the winning option was supported by 40% of the participants, they get a reward of 60% of the bet, So if they bet 1REP, they get 1.60REP.
On this platform, bets are made exclusively with the REP token, it is the native Augur and can be found in different important exchanges, Something to know about this token is that it cannot be mined, this is because all its reserves were already acquired in 2015, Even though the REP price has dropped considerably lately, it still has a good market value.
My experience on this platform has been good, I don't always bet on it because many of the events I don't follow thoroughly to find out. But I love the idea of mass predictions, its creators have made a unique model in the market, and this has attracted a lot of attention. I believe that with better protection it can become one of the largest betting alternatives with more users in the world.
Although its value has fallen lately, I think it is worth staying with the project.
Pros
- The reward system for winning a prediction is quite fair, although some might consider it little.
- The interface is very well elaborated, and the attention to its users is fast.
- The REP token is found on different major exchanges, for example on KuCoin
- Although its value has fallen lately, its price is still good.
Cons
- Unlike other tokens and cryptocurrencies, REP cannot be mined.
- In the time that I have been using the platform, I have not had any inconvenience to qualify it as negative.
